US futures markets under pressure as commercial war concerns resurface



A trader works on the floor of the New York Stock Exchange (NYSE) in New York, United States,

Victor J. Blue | Bloomberg | Getty Images

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, United States,

Movements in US futures come after Wall Street ended Monday's session significantly higher, with the Dow Jones Industrial Average closing at over 350 points. As for the overseas markets, the markets seem rather cautious, with Asia closing mainly in the dark, with Europe posting a slight decline.

Global investors seem to be digesting President Donald Trump's recent comments. In an interview with the Wall Street Journal, the US leader said it was "very unlikely" that the US is delaying tariff increases to 25 percent, accounting for about $ 200 billion worth of Chinese products.

Trump then suggested, in the same interview, that a 10% tariff on laptops and iPhones imported from China could be taxed. The president's comments come in the prospect of a very important summit between G-20 leaders, which includes both Trump and the Chinese Xi Jinping.

Investors will also closely monitor the ongoing investigation into Russia's presumed interference in the 2016 presidential election. In the latest round of the investigation, US prosecutors said Monday that the former director of the Trump's campaign, Paul Manafort, had lied to investigators, which had violated his plea agreement, said a court case. The filing added however that Manafort did not agree, stating that he believed he had provided truthful information.

Elsewhere, a number of US Federal Reserve members are expected to speak on Tuesday.

At the annual three-day conference organized by the Clearing House and the Bank Policy Institute in New York, Fed Vice President Richard Clarida is expected to make an opening speech. Three Fed presidents will participate today in a round table on various topics. including the economy and the future of payments. The event comes one day before Fed Chairman Jerome Powell attends lunch at the New York Economic Club.


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